Petrobras – Pre-payment of debt and new financing with Crédit Agricole CIB

Rio de Janeiro, June 20, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that today it prepaid a debt with Crédit Agricole CIB, in the amount of US$ 500 million, whose maturity would occur in 2022. Simultaneously, it borrowed new financing with the same bank, in the amount of US$ 400 million, with maturity in 2024 and more competitive financial costs.

The operation is in line with the Petrobras liability management strategy, which aims to improve the amortization profile and the cost of debt, taking into account the deleveraging target set forth in its 2018-2022 Business and Management Plan.

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